Browsing All Posts filed under »Investment Ideas«

Update: Euromoney Institutional Investor – 55% Undervalued

July 28, 2011

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Earlier this year I reviewed the UK-listed financial media group Euromoney Institutional Investor plc (report here), concluding that: In summary, I view Euromoney Institutional Investor as a well-diversified business with interests in a large number of leading publications and services. Fixed asset and working capital requirements are negligible, allowing the company to generate a large […]

Updated Apple Inc Model – Base Case $537 per Share; Bull Case $630

July 20, 2011

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My analysis of Apple is relatively rough and ready, but I believe a great level of detail is not required given the simple balance sheet and huge gap between the estimate ($537) and the current share price ($390). The key assumptions are as follows: 4Q11 revenue identical to that reported in 3Q11.  Year-on-year revenue growth […]

Clarkson plc: Cash Machine

July 4, 2011

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Listed on the London Stock Exchange (LON:CKN) Clarkson plc, recently covered by Valuhunteruk, describes itself as: Clarksons are the world’s leading provider of integrated shipping services, bringing our connections and experience to an international client base. We play a vital intermediary role between shipowners and ship charterers across every sector of maritime trade. Our network of […]

Is ASOS plc Overvalued?

June 14, 2011

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Taken from the company’s own website, ASOS plc describes itself as: ASOS is a global online fashion and beauty retailer and offers over 50,000 branded and own label product lines across womenswear, menswear, footwear, accessories, jewellery and beauty with approximately 1,500 new product lines being introduced each week. Aimed at fashion forward 16-34 year olds […]

Robert Wiseman Dairies

June 7, 2011

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Well-done to all the readers who correctly identified the mystery company discussed earlier this week was indeed Robert Wiseman Dairies plc.  Unfortunately, no prizes are on offer, but with this post I do include a much more detailed analysis of the business. Robert Wiseman owns and operates seven major milk processing dairies in the United […]

Liberty Global Break-Up Value

June 2, 2011

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I’ve written previously on the investment attractions of Liberty Global Inc (here and here), but in this post I’ve decided to tackle the issue of valuation from a slightly different angle by attempting to calculate what the individual parts of the business would be worth in the event it was broken up.  The table below […]

Would You Buy Shares in this Mystery Company?

May 31, 2011

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I’ve found a stock that appears to tick many of the boxes that might appear on Warren Buffett‘s pre-investment checklist.  I’ve included the below a list of the company’s key operating and financial characteristics.  I’d be interested to know: does this information make you want to buy the stock (or at least get more information); […]